S&P 500, Nasdaq end higher on soft inflation data, trade optimism
By Sinéad Carew and Shashwat Chauhan
Tue May 13, 2025 4:41 PM
On a second day of exuberance over the China tariff pause, the tech indexes were substantially straight up again with the Dow taking a break from its enormous rally yesterday with investors taking some profits. This makes sense as the tariff pause poses a big benefit to tech. It took six weeks but today the Nasdaq and S&P has recovered all its losses since “Liberation Day.”
Inflation also rose only 2/3 as much as the forecast with the CPI data backing this up which also boosted optimism that, with inflation staying under control, rate cuts may resume. Also with the truce, several major brokerage firms lowered their recession forecasts. All in all, the mood is up with all eyes now on several Fed speeches coming later this week. Volume was 17.8 billion, for a second day above the average of 16.5 billion.
DJ: 42,410.10 +1,160.72 NAS: 18,708.34
+779.43 S&P: 5,844.19
+184.28 5/12
DJ: 42,140.43 -269.67 NAS: 19,010.09
+301.74 S&P: 5,886.55
+42.36 5/13
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